Jordache Corp. uses a perpetual inventory system and sells merchandise on account to Polo Limited for $2,000 on February 2, terms n/10. Management expects a return rate of 10%. The goods cost Jordache $800. On February 5, Polo returns merchandise worth $500 to Jordache. This merchandise costs $300 and is still in saleable condition; therefore, it was put back on the shelf. On February 9, Jordache receives payment from Polo for the balance due. Identify the journal entry required by Jordache to record for the cost of the merchandise returned by Polo on February 5. Inventory 300 Estimated Inventory Returns 300 Inventory 300 Cost of Goods Sold 300 Inventory 500 Refund Liabilities 500 Inventory 500 Estimated Inventory Returns 500